A potentially parlous exit from gold

November 01, 2011   Britt Erica Tunick

Will hedge funds’ exodus from the once-hot commodity create fresh banking turmoil?

As hedge fund managers stockpiled gold over the past three years, its price skyrocketed. So when the precious metal suddenly fell about 8 percent in late September, it came as little surprise that hedge funds were behind the move. During …

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